5 Best Retail Stocks with Huge Upside Potential

In this article, we will look at the 5 Best Retail Stocks with Huge Upside Potential. For a deeper discussion and an extended list, please see 10 Best Retail Stocks with Huge Upside Potential.

5. Wayfair Inc. (NYSE:W)

Wayfair Inc. (NYSE:W) is one of the 10 best retail stocks with huge upside potential.

On February 26, Citi reduced the firm’s price target on Wayfair Inc. (NYSE:W) from $135 to $110. The firm maintained its Buy rating on the shares, which still offer an upside potential of almost 40% despite the downward revision.

Citi revised its projections following the company’s fourth-quarter announcement, emphasizing home goods sector volatility as a key reason for the reduced price target. However, Citi acknowledged Wayfair’s better-than-expected first-quarter guidance, which indicates the company’s strong ability to capture market share and expand margins.

On February 24, David Bellinger from Mizuho reduced the price target on Wayfair Inc. (NYSE:W) from $130 to $110, implying an upside of almost 40%. The analyst maintained his Outperform rating on the stock.

The revision came after Wayfair Inc. (NYSE:W) released its fourth quarter report. The company did not give specific numbers for Q1-to-date trends, but according to the analyst the environment is “pretty soft”.

Wayfair Inc. (NYSE:W) is an e-commerce platform that runs a technology-led online marketplace. With an emphasis on home housewares, furniture and décor, it offers products under its own brands i.e. Three Posts and Mercury Row. The company offers various sites to facilitate consumers such as Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.